**REGISTERED CHARITY NUMBER: 302376** ## REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR BENNETTS END NEIGHBOURHOOD ASSOCIATION Beyond Accounting Limited 19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR BENNETTS END NEIGHBOURHOOD ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 9| |Detailed Statement of Financial Activities|10 to 11| BENNETTS END NEIGHBOURHOOD ASSOCIATION ## REPORT OF THE TRUSTEES ## for the Year Ended 31 March 2021 The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 302376 ## **Principal address** Gatecroft Bennetts End Hemel Hempstead Hertforsdhire HP3 9LZ ## **Trustees** Mr A Garwood Mr B Gronert Mrs C L F Swain Ms A Hart Councillor S Mahmood Councillor J Birnie Mrs A Butler Mr C Hetherington Mrs B Gronert Mr D Stimson Mr S Smith Mrs T Howard Mr B Garwood Mr D Peers Councillor M Rogers President (Trustee) Chairman (Trustee) Treasurer (Trustee) Secretary (Trustee) (appointed by Dacorum BC) Deputy Chairman(appointed by Dacorum BC) - resigned 2.9.21 - resigned 30.4.20 ## **Independent examiner** Beyond Accounting Limited (ACCA) 19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** In order to ensure the smooth running of the Centre and all legal requirements are met a group of elected officers meet regularly throughout the year. This group of officers require formal election at the Annual General Meeting. The day to day management of the Centre is carried out by Manager Sharon Lowe and her small team of employees. The thanks of the Committee are extended to them, along with some Dacorum Councillors and Officers whose supportive advice and direction has been greatly appreciated by the Offices of the Association. The thanks of the Committee are also extended to Cathy Swain our Treasurer. Along with Sharon, Cathy has put in a lot of time and effort in managing the accounts and applying for funding. The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 1 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## REPORT OF THE TRUSTEES ## for the Year Ended 31 March 2021 ## **OBJECTIVES AND ACTIVITIES** Cathy Swain's defibrillator research was put on hold due to the Covid Pandemic but will be continued in the next financial year. It was also planned to enhance the lives of residents of Bennetts End. ## **ACHIEVEMENT AND PERFORMANCE** With the outbreak of Coronavirus, we had to close the doors for the majority of the year. We were able to reopen for sports/exercise and educational classes over the summer. We had hoped to return to holding community events but with restrictions continually changing, this was not possible. We adhered to government guidelines at all times including completing a risk assessment for the centre and requesting mandatory risk assessments from our hall hirers. This enabled us to keep staff and hall users safe. ## **FINANCIAL REVIEW** With the help of council funding we were able to keep the doors open through a really tough time; especially with no income coming in. We had to make the very tough decision of furloughing staff but this enabled us to retain our fantastic team. The centres finances look healthy with all things considered and when possible we will continue with our original plan of revamping the centre and enhancing the lives of the community. Huge thanks to our wonderful staff and brilliant Office Manager Sharon for persevering through a challenging time and being flexible to the needs of the centre. We couldn't have got through this without them. Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by: Ms A Hart - Trustee Page 2 ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BENNETTS END NEIGHBOURHOOD ASSOCIATION I report on the accounts for the year ended 31 March 2021, which are set out on pages four to nine. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Beyond Accounting Limited ACCA Beyond Accounting Limited 19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR 15 November 2021 Page 3 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## STATEMENT OF FINANCIAL ACTIVITIES ## for the Year Ended 31 March 2021 |**Unrestricted**
**funds**
**Restricted funds**
Notes
**£**
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
**-**
**-**
Activities for generating funds
2
**28,168**
**-**
Investment income
3
**103**
**-**
**Incoming resources from charitable activities**
futherance of the charity's objectives
**59,114**
**-**
**Total incoming resources**
**87,385**
**-**
**RESOURCES EXPENDED**
**Charitable activities**
futherance of the charity's objectives
**55,591**
**-**
**Governance costs**
**1,080**
**-**
**Total resources expended**
**56,671**
**-**
**NET INCOMING/(OUTGOING) RESOURCES**
**30,714**
**-**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**43,630**
**-**
**TOTAL FUNDS CARRIED FORWARD**
**74,344**
**-**|**31.3.21**
**Total**
**funds**
**£**
**-**
**28,168**
**103**
**59,114**
**87,385**
**55,591**
**1,080**
**56,671**
**30,714**
**43,630**
**74,344**|31.3.20
Total
funds
£
30
76,905
157
-
77,092
81,312
1,080
82,392
(5,300)
48,930
43,630| |---|---|---| The notes form part of these financial statements Page 4 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## BALANCE SHEET ## At 31 March 2021 |**Unrestricted**
**funds**
**Restricted funds**
Notes
**£**
**£**
**FIXED ASSETS**
Tangible assets
6
**3,127**
**-**
**CURRENT ASSETS**
Debtors
7
**85**
**-**
Cash at bank and in hand
**73,987**
**-**
**74,072**
**-**
**CREDITORS**
Amounts falling due within one year
8
**(2,855)**
**-**
**NET CURRENT ASSETS**
**71,217**
**-**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**74,344**
**-**
**NET ASSETS**
**74,344**
**-**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|**31.3.21**
**Total**
**funds**
**£**
**3,127**
**85**
**73,987**
**74,072**
**(2,855)**
**71,217**
**74,344**
**74,344**
**74,344**
**74,344**|31.3.20
Total
funds
£
4,169
6,056
36,492
42,548
(3,087)
39,461
43,630
43,630
43,630
43,630| |---|---|---| The financial statements were approved by the Board of Trustees on 15 November 2021 and were signed on its behalf by: Mrs C L F Swain -Trustee The notes form part of these financial statements Page 5 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. ACTIVITIES FOR GENERATING FUNDS** |Hall hire
Private hall hire
Pringles machine
Mars drinks machine|**31.3.21**
**£**
**25,124**
**3,044**
**-**
**-**
**28,168**|31.3.20
£
59,693
16,989
155
68| |---|---|---| |||76,905| ## **3. INVESTMENT INCOME** Deposit account interest |**31.3.21**|31.3.20| |---|---| |**£**|£| |**103**|157| Page 6 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED ## for the Year Ended 31 March 2021 ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **5. STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Administration staff|**31.3.21**
**£**
**39,053**
**503**
**39,556**
**31.3.21**
**4**|31.3.20
£
46,003
516| |---|---|---| |||46,519| |||31.3.20
4| No employees received emoluments in excess of £60,000. ## **6.** ## **7.** ## **TANGIBLE FIXED ASSETS** |||**Fixtures and**| |---|---|---| |||**fittings**| |||**£**| |**COST**||| |At 1 April 2020 and 31 March 2021||**6,741**| |**DEPRECIATION**||| |At 1 April 2020||**2,572**| |Charge for year||**1,042**| |At 31 March 2021||**3,614**| |**NET BOOK VALUE**||| |At 31 March 2021||**3,127**| |At 31 March 2020||4,169| |**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||**31.3.21**|31.3.20| ||**£**|£| |Trade debtors|**85**|6,056| Page 7 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021 ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |||**31.3.21**|31.3.20| |---|---|---|---| |||**£**|£| |Other creditors||**2,855**|3,087| |**MOVEMENT IN FUNDS**|||| |||**Net movement**|| ||**At 1.4.20**|**in funds**|**At 31.3.21**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|**43,630**|**30,714**|**74,344**| |**TOTAL FUNDS**|**43,630**|**30,714**|**74,344**| |Net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|**Movement in**| ||**resources**|**expended**|**funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|**87,385**|**(56,671)**|**30,714**| |**TOTAL FUNDS**|**87,385**|**(56,671)**|**30,714**| |**Comparatives for movement in funds**|||| |||**Net movement**|| ||**At 1.4.19**|**in funds**|**At 31.3.20**| ||**£**|**£**|**£**| |**Unrestricted Funds**|||| |General fund|**48,930**|**(5,300)**|**43,630**| |**TOTAL FUNDS**|**48,930**|**(5,300)**|**43,630**| ||||| |Comparative net movement in funds, included in the above are as follows:|||| ||**Incoming**|**Resources**|Movement in| ||**resources**|**expended**|funds| ||**£**|**£**|£| |**Unrestricted funds**|||| |General fund|**77,092**|**(82,392)**|**(5,300)**| |**TOTAL FUNDS**|**77,092**|**(82,392)**|**(5,300)**| ||||| ## **9. MOVEMENT IN FUNDS** Page 8 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021 ## **9. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Net movement**
**At 1.4.19**
**in funds**
**At**
**£**
**£**
**Unrestricted funds**
General fund
**48,930**
**25,414**
**TOTAL FUNDS**
**48,930**
**25,414**|**31.3.21**
**£**
**74,344**| |---|---| ||**74,344**| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||**Incoming**|**Resources**|**Movement in**| |---|---|---|---| ||**resources**|**expended**|**funds**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|**164,477**|**(139,063)**|**25,414**| |**TOTAL FUNDS**|**164,477**|**(139,063)**|**25,414**| Page 9 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021 |**INCOMING RESOURCES**
**Voluntary income**
Donations
**Activities for generating funds**
Hall hire
Private hall hire
Pringles machine
Mars drinks machine
**Investment income**
Deposit account interest
**Incoming resources from charitable activities**
Grants
**Total incoming resources**
**RESOURCES EXPENDED**
**Governance costs**
Accountancy
**Support costs**
**Management**
Wages
Pensions
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning
Other premises costs
Professional fees
Subscriptions
Mars drinks machine
Repairs and maintenance
Fixtures and fittings
**Total resources expended**|**31.3.21**
**£**
**-**
**25,124**
**3,044**
**-**
**-**
**28,168**
**103**
**59,114**
**87,385**
**1,080**
**39,053**
**503**
**731**
**6,660**
**1,321**
**56**
**90**
**1,348**
**1,037**
**523**
**641**
**-**
**2,586**
**1,042**
**55,591**
**56,671**|31.3.20
£
30
59,693
16,989
155
68| |---|---|---| |||76,905
157
-| |||77,092
1,080
46,003
516
857
7,920
1,387
1,087
863
2,422
3,869
523
3,813
562
10,142
1,348| |||81,312| |||82,392| This page does not form part of the statutory financial statements Page 10 BENNETTS END NEIGHBOURHOOD ASSOCIATION ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES ## for the Year Ended 31 March 2021 **Net income/(expenditure)** |**31.3.21**
**£**
**30,714**|31.3.20
£
(5,300)| |---|---| This page does not form part of the statutory financial statements Page 11